Common use of Additional Deposits; Net Deposits Clause in Contracts

Additional Deposits; Net Deposits. (a) On or prior to each Deposit Date, Servicer shall remit to the Collection Account, in next-day or immediately available funds, the aggregate Purchase Amounts of the Receivables to be purchased by it under an obligation that arose during the preceding Collection Period pursuant to Section 2.4, 3.7 or 10.2, respectively.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (Usaa Acceptance LLC), Pooling and Servicing Agreement (Fifth Third Holdings Funding, LLC), Pooling and Servicing Agreement (Citizens Auto Receivables, LLC)

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Additional Deposits; Net Deposits. (a) On or prior to each Deposit Date, Servicer Seller or Servicer, as the case may be, shall remit to the Collection Account, in next-day or immediately available funds, the aggregate Purchase Amounts of the Receivables to be purchased by it under an obligation that arose during the preceding Collection Period pursuant to Section 2.4, 3.7 or 10.2, respectively.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Amsouth Auto Corp Inc), Pooling and Servicing Agreement (Key Consumer Acceptance Corp)

Additional Deposits; Net Deposits. (a1) On or prior to each Deposit Date, Servicer shall remit to the Collection Account, in next-day or immediately available funds, the aggregate Purchase Amounts of the Receivables to be purchased by it under an obligation that arose during the preceding Collection Period pursuant to Section 2.4, 3.7 or 10.2, respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (M&i Dealer Auto Securitization LLC)

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Additional Deposits; Net Deposits. (a) On or prior to each Deposit Date, Servicer shall remit to the Collection Account, in next-day or immediately available funds, the aggregate Purchase Amounts of the Receivables to be purchased by it under an obligation that arose during the preceding Collection Period pursuant to Section 2.4, 3.7 or 10.2, respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bond Securitization LLC)

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